Steve Madden Q3 profit rises on wholesale strength, lifts 2026 revenue growth outlook
SHOO•Third-quarter revenue rose 16% year over year to $767.89 million, missing the $777.47 million analyst consensus, while adjusted EPS increased to $0.79 from $0.43. Steven Madden raised its fiscal 2026 revenue growth outlook to 12%-13% and lifted its adjusted diluted EPS outlook to $2.15-$2.20.
1. Quarterly results
Steven Madden reported third-quarter revenue of $767.89 million, up 16% year over year but below the $777.47 million analyst consensus. Adjusted EPS rose to $0.79 from $0.43 a year earlier; reported EPS was $0.72 and net income was $52.64 million.
2. Outlook and drivers
The company raised its fiscal 2026 revenue growth outlook to 12%-13% from 11%-13%. It expects diluted EPS of $2.58-$2.63, compared with its prior range of $2.55-$2.65, and adjusted diluted EPS of $2.15-$2.20, up from $2.05-$2.15. Wholesale footwear revenue rose 21% and accessories and apparel revenue increased 17%; the company said higher wholesale gross margin reflected underlying improvement and a smaller negative tariff impact, partly offset by higher freight costs.
